Law 531 Week 1 Individual Assignment The Role And Function

Business LawName Institutional affiliationThe Role and Function of Law in BusinessIntroductionLaws are a system of rules that a particular country or community recognizes as regulating the actions of its members and may enforce by the imposition of penalties. Like any individual, business entities must comply with the Federal, State and local laws where they operate in. This document will analyze the origin of the American Judicial System as well as the role and function of law in business. History of the American Judicial SystemWhen America became independent in 1781, it inherited the judicial system established by the British. The system then evolved independently to match the changing interests of the American people. The most important aspects of the American Judicial System are the juries, due process, common law and the adversarial system. The jury was introduced by the Sixth Amendment in the Bill of Rights which guarantees, among other ideas, speedy and public trials, that defendants shall be informed of all charges against them, and a trial by jury. The role of the jury is to ‘determine the facts in a trial, the truth or falsehood of